[DCRogers]

Submitted by svelte on November 30, 2007 – 1:50pm: Oh, it isn’t just consumers. It appears to me they’ve learned it from the executive and legislative branches of their government- look at how the federal debt took off around 1980 and has barely looked back.

Hmmm, something must have happened in 1980… trying to remember… all I can remember is tax cuts… those were nice!

(Should’ve impeached that Clinton guy, though, he was really making a mess of things…)

[DCRogers]

Oops, apologies for mistaking this for the REO on Hawley… SD Realtor, thanks for clearing this up.

That said, if what you’ve said about lender lack-of-help in pricing short sales is true (and I do not doubt it), then the process is indeed a mess. Lenders should expect more initiatives like the one the Governor is pushing (I do not know much detail, and cannot judge it yet) unless they get ahead of the foreclosure curve at some point and try to help failing borrowers towards the path that makes the most sense for each: deed-in-lieu, short sale, refi, rate reduction, or foreclosure. The fact that things seem on auto-pilot to FC is what makes people push for gov’t action.

[DCRogers]

Oops, apologies for mistaking this for the REO on Hawley… SD Realtor, thanks for clearing this up.

That said, if what you’ve said about lender lack-of-help in pricing short sales is true (and I do not doubt it), then the process is indeed a mess. Lenders should expect more initiatives like the one the Governor is pushing (I do not know much detail, and cannot judge it yet) unless they get ahead of the foreclosure curve at some point and try to help failing borrowers towards the path that makes the most sense for each: deed-in-lieu, short sale, refi, rate reduction, or foreclosure. The fact that things seem on auto-pilot to FC is what makes people push for gov’t action.

[DCRogers]

Oops, apologies for mistaking this for the REO on Hawley… SD Realtor, thanks for clearing this up.

That said, if what you’ve said about lender lack-of-help in pricing short sales is true (and I do not doubt it), then the process is indeed a mess. Lenders should expect more initiatives like the one the Governor is pushing (I do not know much detail, and cannot judge it yet) unless they get ahead of the foreclosure curve at some point and try to help failing borrowers towards the path that makes the most sense for each: deed-in-lieu, short sale, refi, rate reduction, or foreclosure. The fact that things seem on auto-pilot to FC is what makes people push for gov’t action.

[DCRogers]

Oops, apologies for mistaking this for the REO on Hawley… SD Realtor, thanks for clearing this up.

That said, if what you’ve said about lender lack-of-help in pricing short sales is true (and I do not doubt it), then the process is indeed a mess. Lenders should expect more initiatives like the one the Governor is pushing (I do not know much detail, and cannot judge it yet) unless they get ahead of the foreclosure curve at some point and try to help failing borrowers towards the path that makes the most sense for each: deed-in-lieu, short sale, refi, rate reduction, or foreclosure. The fact that things seem on auto-pilot to FC is what makes people push for gov’t action.

[DCRogers]

Oops, apologies for mistaking this for the REO on Hawley… SD Realtor, thanks for clearing this up.

That said, if what you’ve said about lender lack-of-help in pricing short sales is true (and I do not doubt it), then the process is indeed a mess. Lenders should expect more initiatives like the one the Governor is pushing (I do not know much detail, and cannot judge it yet) unless they get ahead of the foreclosure curve at some point and try to help failing borrowers towards the path that makes the most sense for each: deed-in-lieu, short sale, refi, rate reduction, or foreclosure. The fact that things seem on auto-pilot to FC is what makes people push for gov’t action.

[DCRogers]

Sales history:

07/25/03 $356,000.
12/09/03 $375,500.
05/04/05 $485,000.
On market $279,000.

House is nicely fixed up on the outside, don’t know about the inside. Maybe something severe but hidden like foundation problems if they’re recommending a tear-down. Or, (back to the original argument), maybe banks are getting serious at what it will take to make sales.

That said, it’s on a depth-split lot, so the set-backs required for modern construction would seem to preclude rebuilding anything bigger (as does the tiny 3000sf lot size).

County records says it’s 650SF, MLS says 800SF: maybe someone enclosed a porch in back, or re-measured with a more generous tape-measure.

[DCRogers]

Sales history:

07/25/03 $356,000.
12/09/03 $375,500.
05/04/05 $485,000.
On market $279,000.

House is nicely fixed up on the outside, don’t know about the inside. Maybe something severe but hidden like foundation problems if they’re recommending a tear-down. Or, (back to the original argument), maybe banks are getting serious at what it will take to make sales.

That said, it’s on a depth-split lot, so the set-backs required for modern construction would seem to preclude rebuilding anything bigger (as does the tiny 3000sf lot size).

County records says it’s 650SF, MLS says 800SF: maybe someone enclosed a porch in back, or re-measured with a more generous tape-measure.

[DCRogers]

Sales history:

07/25/03 $356,000.
12/09/03 $375,500.
05/04/05 $485,000.
On market $279,000.

House is nicely fixed up on the outside, don’t know about the inside. Maybe something severe but hidden like foundation problems if they’re recommending a tear-down. Or, (back to the original argument), maybe banks are getting serious at what it will take to make sales.

That said, it’s on a depth-split lot, so the set-backs required for modern construction would seem to preclude rebuilding anything bigger (as does the tiny 3000sf lot size).

County records says it’s 650SF, MLS says 800SF: maybe someone enclosed a porch in back, or re-measured with a more generous tape-measure.

[DCRogers]

Sales history:

07/25/03 $356,000.
12/09/03 $375,500.
05/04/05 $485,000.
On market $279,000.

House is nicely fixed up on the outside, don’t know about the inside. Maybe something severe but hidden like foundation problems if they’re recommending a tear-down. Or, (back to the original argument), maybe banks are getting serious at what it will take to make sales.

That said, it’s on a depth-split lot, so the set-backs required for modern construction would seem to preclude rebuilding anything bigger (as does the tiny 3000sf lot size).

County records says it’s 650SF, MLS says 800SF: maybe someone enclosed a porch in back, or re-measured with a more generous tape-measure.

[DCRogers]

Sales history:

07/25/03 $356,000.
12/09/03 $375,500.
05/04/05 $485,000.
On market $279,000.

House is nicely fixed up on the outside, don’t know about the inside. Maybe something severe but hidden like foundation problems if they’re recommending a tear-down. Or, (back to the original argument), maybe banks are getting serious at what it will take to make sales.

That said, it’s on a depth-split lot, so the set-backs required for modern construction would seem to preclude rebuilding anything bigger (as does the tiny 3000sf lot size).

County records says it’s 650SF, MLS says 800SF: maybe someone enclosed a porch in back, or re-measured with a more generous tape-measure.

[DCRogers]

arraya, love them monkeys. Thanks.

[DCRogers]

arraya, love them monkeys. Thanks.

[DCRogers]

arraya, love them monkeys. Thanks.

[DCRogers]

arraya, love them monkeys. Thanks.

[Author]

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